Zomato shares in focus after Sensex Entry: Market cap surpasses Tata Motors and Bajaj Auto

The online food delivery giant, Zomato is now part of the Sensex, replacing JSW steel on Friday (December 20). Moreover, this step forward is seen as a major move by the tech driven food company. The Zomato shares are firming up in Friday trade. Its market capitalisation is currently at Rs 2.75 lakh crore, with a price-to-earnings (P/E) ratio of 345.04. At this level, this food delivery giant’s valuation has surpassed some of India’s most prominent automotive companies – Tata Motors, and Bajaj Auto.